property tax paid from 2004 to 2010 paid in dec.2010 . what will be account entry. should i pass expense due entry. can entire expense can be booked in 2010
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Property tax
Replies (2)
Property tax will be allowed on payment basis.
Property tax a/c dr......
To bank /cash............
I hope u will clear.
Property tax will be allowed on payment basis. as per income tax act.
Property tax a/c dr......
To bank /cash............
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